Crypto Market Analyst Ranks Top Tier 1 Networks In Shocking Revelation

Jamie Coutts, senior crypto analyst at Crypto firm Real Visionnewly listed layer-1 networks using the growth of their network. Interestingly, the networks at the top of the list are not familiar names that members of the crypto community may be familiar with.

The SUI and Mantle network are at the top of the list

According to Coutts list shared on his X platform (formerly Twitter), Sui and Mantle it was the first and second in terms of Daily Active Users (DAUs) growth these blockchains have seen in the last three months. The SUI network saw an impressive 3503% increase in its DAUs during this period, while Mantle saw a 518% increase.

Celo, Arbitrum, and Blast rounded out the top five positions, as they saw 3-month DAU growth of 414%, 157%, and 107%, respectively. The Open Network (TON), which has undoubtedly had an impressive year, came in sixth in the rankings with 97% growth. The growth of the TON network seems to have slowed down in the last three months, considering that it boasts a 6-month DAU growth of 1,346%.

Meanwhile, the The foundation of the Ethereum network layer-2 also made the list, ranking behind TON with 3-month DAU growth of 78.6%. Much of the growth of the Base network can be attributed to its growing meme coin ecosystem, with many meme coin sellers flocking to the network in pursuit of significant gains in these crypto tokens.

Near, Tron, and Polygon completed the top 10 list, ranking behind Base with 3-month DAU growth of 37.9%, 31.2%, and 30.6%, respectively. MultiversX and Fantom are the only other networks in the green and have experienced significant growth in the past three months.

Interestingly, the top networks by market cap, including Bitcoin, Ethereum, BNB Chain, Solana, and Cardano, have all seen a decrease in their Daily Users over the past three months. BNB Chain had the biggest decline among these leading networks, with a growth of -28.6 % in its daily users.

Solana’s 3-month drop in Daily Active Users may come as a surprise, considering the meme coin ecosystem on the network. However, the 6-month DAU paints a better picture Blame each otheras the network witnessed an impressive 124.9% increase in its Daily Active Users during this period.

A Bullish Metric for All Cryptos

No matter where these blockchains are placed, this metric paints a bullish picture of the broader crypto ecosystem. Coutts noted a 20% increase in the number of Daily Active Users on these networks combined, rising to 12.8 million users during this period. The analyst also highlighted how this user acquisition can do and positive impact native token price of the network.

Meanwhile, Coutts projects that crypto networks could boast a total of 20 million daily active users by the end of the year. This is also bullish, as these new users can bring new money in the crypto ecosystem, which can help increase prices.

The featured image was created with Dall.E, a chart from Tradingview.com